YOSEMITE SPRING PARK UTILITY COMPANY
30250-B Yosemite Springs Parkway
Coarsegold, CA 93614
Telephone (559) 658-7451 / Fax (559) 658-7866
MINUTES OF THE MONTHLY BOARD MEETING, OCTOBER 19, 2010
CALLED TO ORDER AT 5:31PM
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Call to Order – Al Clark
II.Flag Salute – Mark Zoeller
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Invocation– Tom Swire
IV.Roll Call & Establishment of Quorum
Al Clark, President Bryan Smith, Vice President
Phil Farren, Secretary Mark Zoeller, Treasurer
Bob McDonough, Director Tom Swire, Director
Dianne Cruce, Director
V.Approval of Minutes – 9/21/10
MOTION: A motion was made to approve the September 21, 2010 minutes pending changes. M/S/C (Zoeller, McDonough), Ayes: 7, Nays: 0. Motion carried.
VI.Public Comment
None at this time.
VII.Financial Report – Mark Zoeller
Treasurer Zoeller showed graphs to the audience and board; the first being the Month End Cash. There was $1M plus for the month of September. This is less than it had been for the prior 2 years. He showed the area on the graph where we paid for the mainline repair. The Monthly Net Cash from Operations showed that we were better in September than the last year. He showed how the graph lines bounce around, month to month. Year to Date showed that we’ve come up a bit. The Cumulative Cash Flow was for September 2009 was negative. He explained that we are better off this year than the last. The Budget Comparison Graph showed water usage income as less than budgeted, but he explained that it’s a false measurement and explained why. He added that it is less than last year. He added that one of our biggest costs has been depreciated, compared to budget, compared to last year. He found out that we’ve been over depreciating per our CPA. He stated that depreciation is not a cash expense. So it didn’t affect our cash flow. The Net Profit is better than last year due to our controlled costs. There were no questions asked of the Treasurer.
VIII.YSPUC Update Report
Mgr. Harrington asked that his report get entered into the minutes, and entertained questions at this time.
MOTION. A motion was made to enter Manager Harrington’s report into the minutes. M/S/C (Smith, Zoeller) Ayes: 7, Nays: 0. Motion carried.
Treasurer Zoeller asked about the MTBE being off line due to graphite. Mgr. Harrington explained that it is not back on line. He is currently in the process of obtaining quotes from three different carbon companies. The Seaman Co. came today and to test the carbon. He explained the purpose of the testing. He expects to have the quotes tomorrow. Treasurer Zoeller stated that we are carrying MTBE expenses on our books as though the state was going to reimburse us. He asked the manager if we should get those off the balance sheets. Mgr. Harrington said yes and explained that we won’t receive any reimbursements from the state. Director Cruce thanked Mgr. Harrington for the explanation of the underground monitoring. Mgr. Harrington gave information regarding the DWR and their requirement on monitoring the water table. He explained that they want us to monitor it twice a year and we monitor it twice a week. They are monitoring the valley water and not the hard rock wells at this time. Director Cruce asked if we’ve done Ceqas on any of the wells. Mgr. Harrington stated that he has filled out Ceqas paperwork, since he’s been here. He explained that Ceqas is for a new drilled well and not replacement wells. A discussion took place regarding replacement well process to get them on line. President Clark asked Mgr. Harrington for more information regarding MTBE. Mgr. Harrington went into more detail regarding the detection process. They discussed well 41A and possibly drilling a replacement well or repairing the well. He went into more explanation regarding funding for this.
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Old Business
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Alterations to YSPUC Employee Handbook – Al Clark
President Clark stated this item had been tabled from the last board meeting. He explained that he would like to put together a committee. He explained to the audience about the verbiage that was left out at one time in the Employee Handbook. They are looking to replace the verbiage. The committee will report back to the board at the next board meeting. He stated the members of the committee; Bryan Smith, Tom Swire and himself. He explained that they would meet with the General Manager, Michael Neveu to go over details and information.
XI. New Business
None at this time.
XII.Director's Comments
Treasurer Zoeller stated that the President of the Yosemite Bank in Coarsegold contacted him to say that the signature cards are ready and that the directors needed to go and sign them.
XIII.Board to Adjourn to Executive Session
The YSPUC Board adjourned to Executive Session at 5:56 pm
XIV.Adjournment of Meeting
The YSPUC Board adjourned at 6:25pm.
